China

Estée Lauder Forecasts Dour 2023 Due To China COVID Lockdowns

Estée Lauder Cos Inc has forecast full-year sales and profit below estimates, due to a hit from COVID-19-related lockdowns in major market China.

China Pork Prices Surge On Tight Supplies In July

China's pork prices surged in July on an annual and monthly basis due to tight supplies and a recovery in demand, the statistics bureau said.

China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand

China's soybean imports in July fell 9.1% from a year earlier, customs data showed on Sunday, as poor crushing margins and weaker consumption in the world'...

Alibaba Beats Expectations For Revenue Despite Flat Growth

China's Alibaba Group Holding Ltd beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time...

Starbucks Beats Profit Estimates Despite Hit To China Business

Starbucks Corp has beaten quarterly profit estimates as higher prices and strong demand for its coffees in the United States helped offset a hit to busines...

Maersk Beats Q2 Revenue Expectations, Lifts 2022 Guidance

Shipping group Maersk has raised its 2022 profit guidance after beating second-quarter revenue expectations as congested global supply chains boosted freig...